Fractal Analytics IPO Debuts Lower on NSE, AI Play Faces Volatile Market

• Fractal Analytics, India's first pure-play AI firm to go public, listed on NSE at a 2.67% discount (₹876) and on BSE at issue price (₹900).
• The ₹2,834 crore IPO was subscribed 2.66 times, with a price band of ₹857 to ₹900 per share.
• Analysts advised a balanced approach; short-term investors might consider partial profit booking due to elevated valuations and volatile AI sentiment.
• Long-term investors may stay invested given the company's position in the fast-growing global AI and analytics space.
• Proceeds will fund subsidiary debt repayment, new offices, R&D, sales, marketing, and potential acquisitions.